Global investors snap up more than $800bn Chinese assets July 14, 2021 Investors around the world have bought more than $800bn Chinese stocks and bonds at a record pace, despite Beijing’s geopolitical rivalry with international states. Global investors have poured into Chinese markets, in spite of huge political tensions stemming from Beijing’s repression of Uyghurs in Xinjiang, erosion of Hong Kong freedoms, and battles with the US [...]
Alibaba to launch £186m venture fund for startups in Southern China July 13, 2021 Chinese e-commerce giant Alibaba announced said today it will launch a HK$2bn (£186m) venture fund to support startups in the Greater Bay Area of southern China. Alibaba Hong Kong Entrepreneurs Fund (AEF) will be an anchor investor for the new fund, which will target startups in the region focusing on sustainability, deep tech, health tech, [...]
City A.M. TV: A market snapshot July 12, 2021 Last week’s price action left more questions unresolved than answered. Was Thursday’s weakness the start of a new pullback? Was Friday’s rally a dead cat bounce, or the start of a renewed uptrend? Have US 10 year bonds now put in their yield low? Indeed in the UK the pattern was similar with marked weakness [...]
China to clampdown on overseas listings July 10, 2021 Chinese firms with data on more than 1m users will face security checks before they can list on foreign stock exchanges, the country’s digital regulator said today. The step comes just days after the Chinese government said that new steps were needed to keep track of overseas listings, which had gone unpoliced. The security review [...]
Cardano aiming for a BILLION users over next decade July 9, 2021 Cardano supremo Charles Hoskinson has revealed the organisation’s mission is to have a billion users over the next five to 10 years.
Uber rival Ola raises $500m in funding round ahead of IPO July 9, 2021 Uber rival Ola today said it has raised $500m (£362m) from private equity backers as it gears up for a stock market float. The Indian ride-hailing giant, which is backed by Softbank, said the cash injection had been secured from Temasek and Warburg Pincus in the company’s first funding round for two years. Ola did [...]
Semiconductor shortage drives car production off the road July 9, 2021 The impact of the ongoing shortage of semiconductor chips was laid bare this morning as the Office of National Statistics (ONS) said that car manufacturing fell over a quarter in May. The government agency said that vehicle production fell 26.9 per cent in the period, driving an overall fall in manufacturing output of 0.1 per [...]
City A.M. TV: A market snapshot July 9, 2021 After a number of weeks of strength in global risk assets, some cracks began to emerge in markets this week.
Screenshot: Should the UK tech sector really be cashing in its chips? July 9, 2021 This week **Media Moment of the Week: Tesco’s football fail **Should the UK tech sector really be cashing in its chips? **A Wise move Media Moment of the Week: Tesco’s football fail Once again the internet was awash with football this week, and plenty of brands decided to jump on the England bandwagon for a [...]
Uber under pressure as Chinese rival Didi enters UK July 7, 2021 Uber will come under pressure from yet another ride-hailing rival as China’s Didi prepares to launch in the UK in the coming weeks. Didi is said to have secured its first licences in Manchester and Sheffield and is set to begin services as soon as this month, the Daily Telegraph reported. The arrival of the [...]